🚨 Bitcoin Market Update – May 29, 2025
As of today, Bitcoin ( $BTC ) is trading at approximately $107,443, reflecting a slight decline of 0.3% over the past 24 hours. The day's trading has seen a high of $108,865 and a low of $106,968.
Key Highlights:
Institutional Accumulation Continues: Metaplanet, a Tokyo-based firm, has issued $21 million in zero-interest bonds to accelerate its goal of holding 10,000 $BTC by 2026.
Technical Indicators Show Mixed Signals: Analysts note that Bitcoin's MACD and RSI are presenting mixed signals, suggesting a critical juncture for price movement. (Bitcoin News)
Upcoming Options Expiry: Over $10 billion in Bitcoin options are set to expire on Friday, with the $95,000 to $105,000 range being crucial for traders due to high delta exposure.
Outlook:
While Bitcoin has pulled back from its all-time high of $112,965, analysts remain optimistic about its long-term potential. Projections suggest a possible surge to $1 million within the next five years, driven by institutional demand and tightening supply dynamics. (crypto.news)
Stay Informed:
Keep an eye on market developments and consider the implications of upcoming events, such as the options expiry and institutional investment trends, on Bitcoin's price trajectory.